Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

United Kingdom

United Kingdom

UK offshore developers should expect "earlier certainty", says Davey

UK: Offshore wind developers should expect "much earlier certainty" about the price they will receive for electricity generated, thanks to the UK's incoming financial support scheme, according to energy minister Ed Davey.

UK energy minister Ed Davey
UK energy minister Ed Davey
Davey's comments also suggest that offshore wind developers are among a handful of companies already in discussions with the government about an early form of the new financial incentive scheme.

Speaking at a Confederation for British Industry (CBI) event today, Davey provided more information about how the UK government envisages its new contracts for difference (CfDs) regime, due to replace the existing renewables obligation (RO) scheme from 2017.

Davey confirmed that the UK Department of Energy and Climate Change (DECC) is in bilateral talks with six wind and biomass developers about so-called final investment decision (FID) enabling agreements.

These are to be forerunners to CfDs, allowing developers to agree a long-term level of financial support from government for a handful of large-scale, near-term projects.

Click here for a longer version of this article

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Search more than 4,500 companies in the Windpower Directory

Latest Jobs